The temporary transitional power would give the FCA the ability to delay or phase in changes to regulatory requirements made under the EU (Withdrawal) Act 2018 (the legislation that has enabled the ‘onshoring’ of EU legislation and rules into the UK rulebook) for a maximum of 2 years from exit. The FCA intends to make use […]

Any TR wishing to offer its services in the UK will need to be registered with, or recognised by us. The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 provides: a conversion regime for UK based TRs who have an ESMA registration and want to keep a presence in the UK a temporary […]

Our poll of more than 4,500 MSE users found that 69% use less than 3GB of data each month, with 41% using less than 1GB – and only 10% get through 10GB or more. And now Citizens Advice says 12 million Sim-only customers in the UK are paying around £800 million a year in total for data […]

Currently chaired by the FCA, the GFIN is an international network of organisations committed to supporting financial innovation in the interests of consumers. The network was developed following the FCA’s earlier proposal to create a global sandbox. The FCA’s sandbox, which allows firms to test innovative ideas in a live market environment, was a first […]

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we […]

How will the new rules work? The new rules are being introduced by the Financial Conduct Authority (FCA) and come into force today. It’ll only apply for scams that actually happen from today, so you won’t be able to retrospectively contact a bank about a payment it received in the past. The rules mean the […]

I’m in credit with Our Power – will I get it back? Yes, Ofgem says all credit balances will be honoured. You can continue to use this to offset future energy use, or request a refund. If you’d left Our Power prior to it stopping trading and are owed credit, this will also be honoured. […]

What are the new rules? The new rules give slightly less flexibility for the length of your free listing. At the moment, you can choose whether your 20 free listings last for one, three, five, seven or 10 days, but the 1,000 free listings can only last five, seven or 10 days. The rules will […]

The latest figures from the Current Account Switch Service (CASS) show that the bank lost 18,022 and gained 1,880 customers between 1 July and 30 September 2018, equalling a net loss of 16,142. It recorded a net loss of 16,641 between April and June, meaning during the middle six months of last year it suffered a net […]

Even if you don’t actually have any tax liability, you may need to file a tax return for a number of reasons, for example if you’re self-employed but haven’t earned enough to owe HMRC, or you filed a tax return last year and haven’t been told you don’t need to this year. HM Revenue & […]